Opinion: UNOPS probe shows need for impact-investing accountability

The still developing scandal at the United Nations Office for Project Services highlights what many of us in the development finance and impact-investing sectors already know: A lack of accountability and good governance inevitably leads to systemic abuse.

By essentially moonlighting as a development finance institution without any of the safeguards, due diligence, transparency, and accountability measures needed to minimize risk, UNOPS courted disaster, and it is now dealing with the inevitable fallout. UNOPS is not unique in this regard. Many impact investors still lack formal accountability systems that would allow project stakeholders and affected parties to address abuse.

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